1221 Cottage Ave Indianapolis, IN 46203
Fountain Square NeighborhoodEstimated payment $1,694/month
Highlights
- Ranch Style House
- No HOA
- Shed
- Wood Flooring
- Breakfast Bar
- Smart Locks
About This Home
Welcome to 1221 Cottage Ave, a fully remodeled and beautifully furnished 2-bedroom, 2-bath ranch ideally located in the heart of Fountain Square, one of Indianapolis' most vibrant and sought-after neighborhoods. Set on a corner lot just one block from Fountain Square's lively commercial district and only minutes from downtown Indy, this home offers unmatched walkability to top restaurants, nightlife, shops, entertainment, and more. Inside, you'll find high ceilings, a bright open-concept layout, and dual master suites, blending style and function. The modern kitchen is equipped with white shaker cabinets, granite countertops, stainless steel appliances, and a breakfast bar, making it perfect for both everyday living and entertaining. Additional features include laminate wood flooring, front and rear decks, a mud/utility room with laundry and storage, a Ring doorbell, programmable thermostat, and durable composition cement siding for low-maintenance living. Step outside to a private, fully fenced backyard with a deck, seating area, and storage shed-ideal for relaxing or hosting guests. The home is being sold fully furnished and decorated, with all appliances included, offering a truly turnkey experience for owner-occupants or investors alike. Currently a successful short-term rental, this property is also perfectly positioned for furnished mid-term rentals, thanks to its proximity to downtown, major employers, and four major hospitals-a rapidly growing niche in Indy's investment market. Don't miss this rare opportunity to own a fully updated, income-ready home in one of Indy's most dynamic neighborhoods. Schedule your showing today!
Listing Agent
Keller Williams Indpls Metro N License #RB15000083 Listed on: 06/17/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,808
Year Built
- Built in 1890 | Remodeled
Home Design
- Ranch Style House
- Brick Foundation
- Cement Siding
Interior Spaces
- 968 Sq Ft Home
- Paddle Fans
- Combination Dining and Living Room
Kitchen
- Breakfast Bar
- Electric Oven
- Range Hood
- Dishwasher
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
- Smart Locks
- Smart Thermostat
- Fire and Smoke Detector
Outdoor Features
- Shed
- Storage Shed
Additional Features
- 2,396 Sq Ft Lot
- Central Air
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 6
- Assessor Parcel Number 491018114006000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,917 | $250,700 | $29,800 | $220,900 |
| 2023 | $2,917 | $241,600 | $29,800 | $211,800 |
| 2022 | $2,876 | $234,700 | $29,800 | $204,900 |
| 2021 | $2,448 | $206,000 | $29,800 | $176,200 |
| 2020 | $4,421 | $188,100 | $29,800 | $158,300 |
| 2019 | $4,396 | $183,500 | $3,600 | $179,900 |
| 2018 | $2,058 | $168,700 | $3,600 | $165,100 |
| 2017 | $1,726 | $157,400 | $3,600 | $153,800 |
| 2016 | $1,583 | $147,100 | $3,600 | $143,500 |
| 2014 | $256 | $35,100 | $3,600 | $31,500 |
| 2013 | $584 | $28,100 | $3,600 | $24,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Price Changed | $274,000 | -1.8% | $283 / Sq Ft |
| 07/09/2025 07/09/25 | Price Changed | $279,000 | -3.5% | $288 / Sq Ft |
| 06/17/2025 06/17/25 | For Sale | $289,000 | +11.2% | $299 / Sq Ft |
| 08/19/2024 08/19/24 | Sold | $260,000 | -1.9% | $269 / Sq Ft |
| 07/31/2024 07/31/24 | Pending | -- | -- | -- |
| 07/24/2024 07/24/24 | Price Changed | $265,000 | -3.6% | $274 / Sq Ft |
| 07/08/2024 07/08/24 | Price Changed | $275,000 | -3.5% | $284 / Sq Ft |
| 06/17/2024 06/17/24 | Price Changed | $285,000 | -5.0% | $294 / Sq Ft |
| 06/06/2024 06/06/24 | Price Changed | $299,999 | -2.3% | $310 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $307,000 | +36.4% | $317 / Sq Ft |
| 03/26/2021 03/26/21 | Sold | $225,000 | 0.0% | $232 / Sq Ft |
| 02/20/2021 02/20/21 | Pending | -- | -- | -- |
| 02/15/2021 02/15/21 | Price Changed | $225,000 | -2.2% | $232 / Sq Ft |
| 02/07/2021 02/07/21 | For Sale | $230,000 | +11.4% | $238 / Sq Ft |
| 05/31/2018 05/31/18 | Sold | $206,500 | +3.3% | $171 / Sq Ft |
| 04/27/2018 04/27/18 | Pending | -- | -- | -- |
| 04/26/2018 04/26/18 | For Sale | $199,900 | +52.0% | $165 / Sq Ft |
| 05/22/2014 05/22/14 | Sold | $131,500 | -5.3% | $109 / Sq Ft |
| 03/12/2014 03/12/14 | Price Changed | $138,900 | -0.7% | $115 / Sq Ft |
| 02/03/2014 02/03/14 | For Sale | $139,900 | +6.4% | $116 / Sq Ft |
| 02/01/2014 02/01/14 | Off Market | $131,500 | -- | -- |
| 01/17/2014 01/17/14 | For Sale | $139,900 | +6.4% | $116 / Sq Ft |
| 01/08/2014 01/08/14 | Off Market | $131,500 | -- | -- |
| 12/05/2013 12/05/13 | Price Changed | $139,900 | -6.7% | $116 / Sq Ft |
| 11/13/2013 11/13/13 | For Sale | $150,000 | -- | $124 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $225,000 | Stewart Title | |
| Deed | $206,500 | -- | |
| Warranty Deed | $206,500 | Chicago Title | |
| Deed | $131,500 | First American Title Insuran | |
| Warranty Deed | -- | None Available | |
| Deed | $10,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $218,250 | New Conventional | |
| Previous Owner | $206,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $124,040 | No Value Available | |
| Previous Owner | $124,925 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22044866
APN: 49-10-18-114-006.000-101
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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